Actuarial Consultant Job Description

Actuarial Consultant Job Description

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Actuarial consultant provides expertise and assistance to clients on third party applications such as MS Word and Excel and how they inter-relate with the HR applications.

Actuarial Consultant Duties & Responsibilities

To write an effective actuarial consultant job description, begin by listing detailed duties, responsibilities and expectations. We have included actuarial consultant job description templates that you can modify and use.

Sample responsibilities for this position include:

Review employee contribution rate development
Perform supporting analysis for IBNP reserve development
Assist the team in sales situations, representing the financial scope of work
Develop client reports and correspondence
Solicit credentialed actuarial review where appropriate
Maintain an up-to-date knowledge of group systems, products and technology, and have a thorough understanding of how these relate to group insurance consulting
Develop/Improve general consulting skills, knowledge, and exposure
Consulting services for insurance companies and other insurance related entities throughout CE, including
Implementation and development of actuarial models
Embedded value reviews

Actuarial Consultant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Actuarial Consultant

List any licenses or certifications required by the position: UK, US, PPA, FSA, MBA

Education for Actuarial Consultant

Typically a job would require a certain level of education.

Employers hiring for the actuarial consultant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Actuarial Science, Statistics, Economics, Finance, Math, Mathematics, Education, Computer Science, Business, Accounting

Skills for Actuarial Consultant

Desired skills for actuarial consultant include:

Excel
MS Word
MS Project
Employee benefit underwriting
SAS
Matlab
Policies and procedures in management
Technical fields
Use of data sources and applications to conduct research
ASC 715 and IAS19

Desired experience for actuarial consultant includes:

BA/BS degree in Mathematics, Statistics, Actuarial Science, or related field preferred
Health and Benefits/Welfare actuarial background
Previous experience at a Human Resources Consulting firm, Outsourcing firm, Broker or Health Insurance Carrier
Near ASA to FSA
Client presentation skills required
A structured, execution orientated individual

Actuarial Consultant Examples

1

Actuarial Consultant Job Description

Job Description Example
Our innovative and growing company is hiring for an actuarial consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for actuarial consultant
  • Manage assigned client projects
  • Participate in risk management activities such as Solvency II assessments, development and implementation of models, including projections for future Solvency II requirements
  • Be involved in merger and acquisition tasks such as companies’ valuation, due diligence, joint-venture creation, profitability analysis, review of pension liabilities and technical provisions
  • Provide support to the audit team by reviewing provisions and technical accounts and pension engagements (IAS 19)
  • Participate in activities related to products and distributions such as tariff elaboration, segmentation and review of general terms and conditions
  • Develop methodologies and direct analyses and studies measuring the effectiveness of programs
  • Develop data extraction processes, databases, and reports of the costs and savings associated with programs
  • Develop and Manage RFP templates for new products and product updates, and RateCards for Life Insurance products
  • Provide implementation specifications for enrollment platforms, and test/validate the implementation
  • Provide support to the Legal, Claims and Customer Service areas when detailed calculations are need
Qualifications for actuarial consultant
  • Resourceful, creative and assertive
  • Able to thrive in an unstructured environment
  • Willing to work late hours on occasion
  • Willingness and ability to travel if and when needed
  • Relevant degree (Business Management)
  • At least 3-5 years’ experience working in an operations role and controlling and managing projects
2

Actuarial Consultant Job Description

Job Description Example
Our company is looking for an actuarial consultant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for actuarial consultant
  • Overseeing / assisting in the production of ad-hoc and regular investment performance report
  • Presenting investment updates at client meetings
  • Liaising with colleagues across business lines to achieve successful investment outcomes for clients
  • Overseeing implementation of changes to investment manager arrangements, investment strategy
  • Ensuring clients are kept informed of major developments in the industry and advised on developments that may impact their investment policies
  • Pension plan design including assisting clients with the identification of their objectives and the implementation of strategies to achieve same
  • Advising trustees and employees on the operation of pension plans
  • Calculating benefits for pension plan members
  • Assessing the solvency and funding level of defined benefit pension schemes
  • You will spend your time gathering, validating and analysing information, creating models and preparing reports to support actuarial activities
Qualifications for actuarial consultant
  • University or College degree, Actuarial Science or Quantitative Finance
  • Prophet experience, knowledge of stochastic modelling (ALS) is an advantage
  • Bachelor's degree or equivalent in Statistics, Actuarial Science, Mathematics or a related field
  • Two years of experience providing actuarial consulting services to clients in the healthcare and insurance sector on behalf of a global company
  • Responsible for monitoring, interpreting, and adopting changes made by ISO
  • Responsible for communication with outside vendor
3

Actuarial Consultant Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of actuarial consultant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for actuarial consultant
  • Actively contribute to a wide range of actuarial modelling projects
  • Manage small teams of junior actuarial trainees as part of a larger project, including performance management and improve their modelling skills through on-the-job coaching
  • Contribute to practice management, for example mentoring less experienced colleagues and involvement in developing the actuarial modelling centre
  • Manage small teams of junior actuarial trainees as part of a larger project, including performance management
  • Monitor emerging experience and analyze actual vs
  • Support the development of junior colleagues in the area of capital modelling
  • Develop methodologies and direct analyses and studies measuring the financial performance of STARS programs
  • Develop data extraction processes, databases, and reports of the costs and savings associated with STARS programs
  • Lead sales by driving new business proposals and extending the range of services provided to retirement and other lines of business’ clients as appropriate
  • Assist with the expansion of existing clients by incorporating intellectual capital generated within the business and partnering with other lines of business
Qualifications for actuarial consultant
  • Experience with sourcing or recruiting on a national, multi-location basis
  • Experience recruiting Actuaries highly preferred
  • Knowledge of full lifecycle recruiting including, but not limited to, successfully sourcing a diverse range of talent, qualifying, interviewing, networking, assessing, salary negotiation, relationship management, and due diligence
  • Undergraduate degree or 4+ years of comparable work experience
  • Thorough understanding of general health care concepts required
  • Bachelor’s degree or equivalent in Mathematics, Economics, Actuarial Science or a related field
4

Actuarial Consultant Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of actuarial consultant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for actuarial consultant
  • Work with account executives to develop an annual value proposition document for current customers
  • Prepare documents and spreadsheet for auditors on a scheduled basis Ad-hoc
  • Completing actuarial calculations for both our Trustee and Corporate clients
  • Be part of a wider team reporting to our scheme consultants
  • Becoming familiar with our Trustee pension scheme clients
  • Managing personal workflow across a number of projects
  • Preparation of reporting documents for presentation to clients
  • Pricing, evaluation and deployment of non-standard and complex financial solutions, consumer centric plan designs, population health risk assessments, program wide risk pooling
  • Conducting routine financial projections
  • Analyzing and negotiating vendor renewals
Qualifications for actuarial consultant
  • Work with the Senior Client Manager to initiate the project after a project is sold to the client
  • Identify and secure resources, ensuring work is leveraged to the right skill and career level, and providing team members opportunity to develop skills and expertise
  • Project manage tasks on large client deliverables in which a peer in the lead project manager
  • Manage data and financial analytical work on large and complex state managed health and welfare capitation projects
  • Work with the client to define the scope of the project
  • Collaborate with client team and project team to finalize rates
5

Actuarial Consultant Job Description

Job Description Example
Our innovative and growing company is looking for an actuarial consultant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for actuarial consultant
  • Performing post retirement actuarial valuations
  • Work on valuation of reserves, actuarial reserving, pricing or capital projects alongside experienced global (primarily US) actuaries
  • Guide junior team members on technical issues
  • Technical/actuarial review of work produced by the junior team members
  • Communicate / present actuarial conclusions to the senior actuaries / firm actuaries
  • Propose and apply innovative solutions to internal and external business issues related P&C actuarial or broader P&C insurance
  • Lead and/or be a key project member of data visualization projects using Tableau
  • Partner with clients to understand logic behind data and analytics projects then build visualizations in a graphical, intuitive and easy to read manner that enhance the knowledge observed from the data
  • Lead visualization for data mining, client presentations and dashboard development
  • Investigate any system issues that arise, working with IT support unit in resolving problems
Qualifications for actuarial consultant
  • Reserving – London/Lloyd’s market and/or the Personal & Commercial lines markets
  • A bachelor’s degree in mathematics, economics or similar discipline
  • Ability to deal with stress and ambiguity
  • Provide customer Prophet training to customers with a focus on all levels of courses
  • Qualified actuary (FSA and/or FCIA)
  • Corporate actuarial / valuation experience

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